Mongolian Economy and Finance

  The import and export values of goods transported via the border port of Erenhot in north China's Inner Mongolia Autonomous Region posted a yearly increase of 38.2 percent to reach 22.04 billion yuan (about 3.42 billion U.S. dollars) in the first eight months of this year, local customs said Friday. The import volume registered 15.34 billion yuan during the period, increasing by 41.9 percent year on year, while that of the exports totaled 6.7 billion yuan, up 30.4 percent year on year, said the customs of Erenhot. The rapid import growth shows China's steady economic recovery since the beginning of this year. Meanwhile, the rising trend of the global market price for bulk commodities is another factor driving the growth. In terms of exports, the COVID-19 pandemic wreaked havoc on Mongolia's domestic production capacity, making it more dependent on imports from China. In the first eight months of this year, China's exports of mechanical and electrical products to Mongo...

In a bid to lower trade barriers and eliminate Customs duties, Mongolia has struck its first major trade deal with Japan, which could pave the way for a broader network of free trade agreements (FTAs) while also boosting its chances of becoming a trade and logistics hub in the years to come.

HOHHOT, Aug. 21 (Xinhua) -- Delegates at an ongoing trade fair near the China-Mongolia border are buzzing with anticipation about a slate of new government policies that will boost cross-border business opportunities.

(Reuters) - China expects to sign agreements to give landlocked and resource-rich Mongolia easier access to Chinese territory for its exports when President Xi Jinping visits the country this week, a senior diplomat said on Monday.

Japan on Tuesday cut its fiscal year growth forecast for the world’s No. 3 economy, blaming weak exports and rising imports, as well as the impact of April’s sales tax hike on consumer spending and business confidence.

TOKYO: Japan and Mongolia will sign a free-trade deal when their leaders hold talks in Tokyo later on Tuesday, reports said, as Japan looks to tap the country's fast-growing economy and huge natural resources.

Horsehair from Mongolia, goose down from China and dried seaweed from Greece: the stuffing in Coco-Mat’s natural mattresses is a varied mix.

A mid-sized Pennsylvania company is shipping building materials to Mongolia. A Tennessee business is ramping up patterned glass production, destined for churches and homes in South America and Europe.

A company located in New Bloomfield has expanded its international market and will soon distribute its goods to Mongolia.

ULAN BATOR, Jan 22 (Reuters) - Mongolia's export trade in 2013 fell 2.6 percent compared to the previous year as a result of a decrease in coal shipments to China over the period, the country's central bank said.

ULAN BATOR (Bloomberg)— Mongolia’s export income slipped 2.6 percent last year amid a decline in shipments of coal, the nation’s biggest earner.

Approximately 650,000 vehicles are registered in Mongolia and over 500, or 75 percent of them, have been used for more than ten years.

SHANGHAI, Nov 28, 2013 (Menafn - SinoCast Daily Business Beat via COMTEX) --A dedicated cargo transport road in joint inspection area between China's Erenhot and Mongolia's Zamyn-Uud, which is built with assistance by Inner Mongolia, has come into service.

JONATHAN Webber, Head of UKTI’s International Trade team Birmingham, explains why Herefordshire and Worcestershire firms should attend an upcoming Explore Mongolia seminar.

This month, a new, ultra-premium vodka is hitting the local wine and spirits shops.

Ulaanbaatar /MONTSAME/ In the first nine months of 2013, Mongolia traded with 126 countries, and total external trade turnover reached USD 7,923.3 mln, of which exports made up USD 3,097.8 mln and imports USD 4,825.4 mln.

Tsarmyn Burged (Eagle of Tsaram) NGO in Bayan-Ulgii Province will now be buying shed Mongolian eagle feathers from eagle hunters and exporting them to the Arrow and Bow Society of Japan.

The Director of the Department of Neighboring Countries at the Foreign Affairs Ministry of Mongolia, T.Tugsbilguun, met with Sun Yaoming, one of the deputy heads of the Asian Department of China’s Ministry of Commerce, from August 19 to 21 in Erlian, China.

Ulaanbaatar /MONTSAME/ In the first seven months of 2013, Mongolia’s total external trade turnover reached USD 6,038.7 million.

The Mongolian Parliament estimated that Mongolia’s foreign trade balance will be positive in 2014, for the first time in five years.